Shulem And Chany Mermelstein Foundation
- Assets
- $453.3k
- Revenue
- $125.5k
- Investments
- $351.5k
- Employees
- 0
- Location
- Monsey, NY
- Founding
- 11/2016
- Data as of
- 12/2022
- EIN
- 81-0917633
Organization Overview
Shulem And Chany Mermelstein Foundation is located in Monsey, NY. The organization was established in 2016. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shulem And Chany Mermelstein Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Shulem And Chany Mermelstein Foundation generated $125.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.6% each year.
Since 2019, Shulem And Chany Mermelstein Foundation has awarded 52 individual grants totaling $358,903. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,000 |
| Interest on Savings | $25,518 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $125,518 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $338 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $338 |
| Contributions, gifts, grants paid | $102,128 |
| Total expenses and disbursements | $102,466 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $101,760 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $351,497 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $453,257 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Shulem And Chany Mermelstein Foundation has awarded $102,128 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
OJC FUND PURPOSE: CHARITABLE | $5,850 |
CONGREGATION TOMCHEI TORAH PURPOSE: CHARITABLE | $36,658 |
MIKVAH YISROEL DSHIKUN SQUARE PURPOSE: CHARITABLE | $0 |
YESHIVA DEGEL HATORAH PURPOSE: CHARITABLE | $0 |
CONGREGATION BETH DAVID PURPOSE: CHARITABLE | $0 |
ATERES NAAVA PURPOSE: CHARITABLE | $0 |